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771

The major source of income to commercial banks is?

  • A. tourism
  • B. banking
  • C. communication
  • D. transportation
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772
Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?
  • A. the loss should be borne by the insurer
  • B. Mr. Lawal is liable only for half of the estimated loss
  • C. the insurer should make a consolation payment for the loss
  • D. the loss should be borne by Mr. Lawal
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773

The agreement of insurers to spread risks among themselves is a major feature of?

  • A. reinsurance
  • B. life insurance
  • C. underwriter
  • D. marine insurance
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774

Inbound tourism occurs when?

  • A. non-residents of a country travel to other countries
  • B. resident of a country travel to another country
  • C. non-resident of a country travel within it
  • D. resident of a country travel within it
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775
One of the major disadvantages of pipeline transportation is its?
  • A. high cost of construction
  • B. limitation in scope
  • C. vulnerability to climate changes
  • D. high maintainance cost
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